S32 has retraced from the top of this triangle and looking to find support on this trendline going back to 2015. S32 also has support from a previous channel and support zone at $2.90 all converging in the same area. MACD is also turning up with bullish hidden divergence on the RSI. If breaks below support zone and trendline then will be no trade and could even...
Chart 1: 4-Hour Timeframe Trend Analysis: The chart shows a clear upward trend, forming higher highs and higher lows. A wedge pattern is visible with converging trend lines indicating a potential breakout scenario. Key Levels: Support: Around 2348.248 (4hr LQZ). Resistance: Approximately 2412.240. Major Resistance: The upper trendline around 2480. Recent Price...
4H Bullish impulse / High: indication. Bullish M pattern: confirmation. Clear support & resistance zone is there. Corrective approach towards entry zone. -68 Fibonacci aligning with entry zone. Ascending trend line is there. = Buy limit.
4H Bullish impulse / break of last LH : indication. Inverse Head & Shoulders pattern: confirmation. Clear support & resistance zone is there. 1H Corrective approach towards entry zone. -68 Fibonacci completion aligning with entry zone. = Buy limit set.
Chart 1: 15-Minute Timeframe Key Observations: Trendlines: The chart displays an ascending channel pattern. The upper and lower trendlines are drawn to capture the price action within this channel. Resistance Zone: There is a marked resistance zone around 2470-2480, where the price has faced rejection multiple times. Support Levels: Immediate Support: The lower...
4H Bearish impulse / Break of last HL: indication. Head & Shoulders pattern: confirmation. Clear support & resistance zone is there. 1H POV Corrective approach towards entry zone. -68 Fibonacci completion aligning with entry zone. = Sell limit.
Trade Update: XAUUSD Analysis Date: July 17, 2024 In our previous post and video, we discussed how to approach XAUUSD given the current market conditions. Let's dive into the latest developments and analyze the chart for further insights. Key Observations: Break Above HTF Trendline: We observed a significant break above the Higher Time Frame (HTF) trendline....
4-Hour Time Frame Analysis: Higher Highs (HH) and Higher Lows (HL): The chart displays a clear upward trend with higher highs and higher lows. This indicates a bullish market structure. Ascending Channel: The price is moving within an ascending channel, showing a steady increase in value. Key Levels: 1-Hour LQZ / Reversal: 2429.940 4-Hour LQZ / Reversal Point:...
4-Hour Time Frame Analysis: Higher Highs (HH) and Higher Lows (HL): The chart displays a clear upward trend with higher highs and higher lows. This indicates a bullish market structure. Ascending Channel: The price is moving within an ascending channel, showing a steady increase in value. Key Levels: 1-Hour LQZ / Reversal: 2429.940 4-Hour LQZ / Reversal Point:...
We provided a really clear outlook on XAU/USD yesterday evening at the start of Asia Session to look for a move to the top side or a possible start to reversal depending on reaction to the support zone being offered. Today we have a BEAUTIFUL 4HR LQZ being shown in this chart that we are currently participating inside of. Will price reverse after hitting our TP...
In this video, I delve into the crucial aspects of Risk Management and share my insights on interpreting the market when it is in critical zones, just like the one displayed on our current XAUUSD chart. Here's what you can expect: Risk Management Techniques Learn the strategies I employ to manage risk effectively, ensuring that my trades are protected against...
Trading Idea Breakdown for USD Index (DXY) Chart Overview: Time Frame: 4-hour and 1-hour charts Instrument: U.S. Dollar Index (DXY) Key Levels and Zones: Daily High: Level: 112.304 Significance: Significant resistance level from previous price action peaks. Weekly LQZ (Liquidity Zone): Level: 108.007 Significance: Key zone where price has shown notable...
Trading Idea Breakdown for XAUUSD Chart Overview: Time Frame: 4-hour chart Instrument: Gold Spot (XAUUSD) Key Levels and Zones: Daily LQZ (Liquidity Zone): Level: 2450.370 Significance: Major liquidity area where price is likely to experience significant reactions. 4-hour / LQZ: Level: 2437.909 Significance: Intermediate liquidity zone crucial for intraday...
Well, what a crazy day. Did you guys see that momentum rally carry into today's Gap Up/High pattern? Boy, sure would have hated trying to short this market trend and watching my account collapse. This video shows you why I believe the momentum behind this move may carry into and through the big data hitting tomorrow. We may see a very strong rally tomorrow...
4H Corrective approach towards entry zone. = Buy limit. 1% risk.
4H Market was moving in Bull Flag formation. 3rd touch of trend line was aligning perfectly with the -68 Fibonacci. Missed the early entry on this trade. New opportunity now to get involved. Bullish impulse: indication . Pattern within pattern: confirmation. Inverse Head & Shoulders, Bullish M. Clear support & resistance zone is there. 1% risk
Today's Momentum Rally never really showed up. Remember, I've been warning you these SPY cycle patterns are not 100% accurate all the time. They've done a fantastic job of calling the markets correctly over the past 17+ days. But, today, the Momentum Rally never really materialized. As you'll see in this video, I believe the momentum for a bullish price move was...
Here I have EUR/USD on the 4Hr Chart! Now we see Price on EU has made a sort of "Rounded Bottom" making its official LOW @ 1.06660 Now with Price struggling with the Resistance Zone @ ( 1.08441 - 1.08266 ) it is beginning to form what looks to be a Potential CUP & HANDLE PATTERN!! This pattern after the completion of the "Bowl" is typically followed by the...